Need input on Solutia

[micros]

:?: Hello everyone, I just came across this forum and have been looking it over. Was wondering if everyone would give me their input. I'm interested in starting to trade and I had a stock in mind. I know only to invest what your willing to lose. I have about 3 grand to begin trading. I was looking at this company Solutia Inc. (SOLUQ.OB) they are projected to come out of bankruptcy in the summer and are about .69 a share right now. They use to be called Monsanto but Solutia bought a few of their plants. Any feedback would be great.

[noobtrader]

I wouldnt reccommend buying penny stocks,

If you have 3 Grand, start looking into companies that are profitting. ANAD is a excellent buy along with LVLT.

On the higher side of the stocks, more expensive ones. I like NCTY, PCU, ONXX and ADM...

[micros]

thanks for the reply, what online trading site would someone suggest? I've looked at all of them but which would be the best for someone starting out! I'll check out ANAD thanks noob! any tips are greatly appreciated!

[noobtrader]

I was using Etrade but they started to do the 5 day transfer now because people were scamming them out of money.

I use USAA.com its pretty good, 25 free trades and then a 5.95 commission fee after that

[lttoler]

What is the 5 day transfer? I am also a new investor looking for an online sevice and I have about decided on Etrade.

[noobtrader]

the 5 day transfer is when you transfer money from your external bank account into etrade.. that money will not be available for you to start trading with till after the 5th biz day... to me it sucked cause when your trying to buy something and you transfer money you miss out so i went with USAA

www.usaa.com check it out its pretty good and they offer same day transfers

[bahroor]

:?: Hello everyone, I just came across this forum and have been looking it over. Was wondering if everyone would give me their input. I'm interested in starting to trade and I had a stock in mind. I know only to invest what your willing to lose. I have about 3 grand to begin trading. I was looking at this company Solutia Inc. (SOLUQ.OB) they are projected to come out of bankruptcy in the summer and are about .69 a share right now. They use to be called Monsanto but Solutia bought a few of their plants. Any feedback would be great.

Welcome micros,

all good advice above...

my 7 cents:
you really don't want to put all your eggs in one basket. i realize you'll be ok if you lost it all per your post, but I just find it hard to believe that a 3K loss wouldn't bother you at all.

having said that, if you don't want something boring like a CD or fund and want to trade, try swing trading (few days to a few weeks hold).
find solid, positive cash flow, good growth, high volume stocks to swing. learn some simple TA to find good entry and exit points. look for chart patterns, breakouts, dips, support, resistance, earnings, etc.

also, i'd compound, since you're aggressive, and use 50% of your capital per trade until you double up then maybe drop that to 25%.
just a thought...

GL!!8)